Infosys records sharpest intra-day fall in 2 yrs post weak Q4 nos; tanks 9%

Shares of Infosys tanked 9 per cent to Rs 1,592.05 on the BSE in Monday's intra-day trade after the company reported a weak set of numbers for the quarter ended March 2022 (Q4FY22).

The stock reported its sharpest intra-day fall in past two years. Earlier, on March 23, 2020, Infosys had plunged 12 per cent in the intra-day trade on the BSE, data shows. At 09:30 am, the stock was trading 6.5 per cent lower at Rs 1,635, as compared to a 1.7 per cent decline in the S&P BSE Sensex.

In Q4FY22, Infosys' earnings before interest and